And as you might imagine, we will be struck hard by the crisis.
Two weeks ago, we found ourselves facing a question: how to come out of this with enough money in the bank and a strong team.
But we weren’t going to hide our heads in the sand. In fact, we talked to our team, investors and clients; and took fast steps.
Our three priorities have been to support our team, help the community, and come out of the crisis stronger.
And we hope that openly telling about it will also inspire other companies to make the right decisions as well.
Our TOP 1 priority is to protect our team
In MeetFrank, the team is our second family. We want everyone to have a safe job and stable income throughout the crisis.
In order to do that, we had to cut the costs somehow. Otherwise, there would be no company and no work for anyone in a few months’ time.
The most obvious thing to do ahead of a crisis, small or big, is to secure 6-12 months of runway:
Cut all non-critical costs
Ask your business partners to reduce their fees
Find additional revenue streams or get extra investment
But often, cutting costs is not enough to reach a sustainable expense level. And that’s when companies face a painful decision: they have to lower workforce costs.
We already see companies in the travel and transport sector suffer and go through painful layoffs.
To avoid letting people go, we chose another path where every team member contributes their share: a pay cut of 25%.
The salary cut was only applied to the employees whose gross salary is above €2000 gross per month. For the management team, the salary cut was applied from March 1, 2020. For the rest of the team from April 1, 2020. We will restore our salary levels when our revenue is back on February 2020 level.
How did it go?
Everyone in the team understood that taking a temporary pay cut is necessary to a) keep everyone on a payroll and b) help the company to survive.
By accepting a lower salary, our team not only helped each other, but also the community. We were able to keep every person in our strong team, and can launch new features that people need faster.
Supporting the community
To help job-seekers around the globe, we paused many ongoing projects to launch the Remote Work Feed in our app.
We also made a change in our product’s pricing plans: Now, all new companies hiring with MeetFrank will have a free trial and we will extend it throughout the crisis.
We also asked all our existing and past clients to add all their remote job offers to our app. The result? – We’ve been making some of our top results these past weeks in terms of job offers added. And 45% of all job applications made are for remote jobs.
Meanwhile, we are figuring out new product features to help people cope during the crisis.
The past two weeks have been intense. But we feel that we are set to come out of this stronger than ever before.
We are extremely thankful for the collective support of our team. You’re our heroes! Now let’s get through the hard times together.
P.S. If your company is hiring, please add your job offers to the MeetFrank platform to help the job-seekers. Sign up here.
Bringing transparency to the job market is in MeetFrank’s DNA.
From salary statistics to job market reports, we’re looking to build the next-generation job market and improve the hiring process for both sides – the company and the applicant.
This time, we wanted to empower the companies hiring with MeetFrank, so that they can attract more top talent and have more visibility to what’s happening in the job market.
We are thrilled to present two new features now available to all companies hiring through the MeetFrank app: Job Offer Sharing and Activity Feed.
We see both of these features as a big step towards an open job market where talented people around the globe can have a complete overview of available career choices and are empowered to make most out of their professional life.
Up until now, all the job opening published in the MeetFrank app were only visible to the users that matched with the offer.
On one hand, this meant that companies only got top-matching applicants to their job openings. On the other hand, it made it impossible to share your cool job offers and MeetFrank company profiles outside of the app.
With the new Job Offer Sharing feature, companies can share their MeetFrank job offers publicly across the web.
Each shared job offer will have a beautiful landing page with your company information. You can share it on social media, via email, or any other way you like!
You can see an example of a shared MeetFrank job opening here.
But why would you prefer sharing the MeetFrank job offer link to job boards or your website? Here a few reasons:
1. MeetFrank shared job offers look beautiful and provide more context
In addition to explaining what the job offer is about, your publicly shared MeetFrank job offers will also include:
information about your company
your company’s social media profiles
If you have added office perks and media articles to your MeetFrank company profile, these will be visible as well.
So instead of a boring text-heavy job offer that most people dread reading, you’ll be sharing a highly engaging sales presentation of why someone should apply to the role you’re hiring for.
2. You only get relevant job applicants
To keep the relevance of job applicants on a high level, all the interested job-seekers will be matched with the job offer by MeetFrank’s matching algorithms. Hence the “Get the app” button on the public job offer page.
How to share your MeetFrank job offers
All the job offers that you publish on MeetFrank will have their own landing page.
To share your MeetFrank job openings publicly, simply:
Log in to your MeetFrank Employer account
Open the job offer you want to share
Scroll down until you find the sharing link
Share it with your audience
Tip: Make sure to fill in your company profile in MeetFrank, so that all your shared job offers will look just perfect.
You can update your company profile on your MeetFrank Employer account.
NEW Feature #2: Activity Feed for employers
There are only 8 work hours in a day, and nobody has the time to keep checking job boards and other companies’ career pages to know what’s happening in the job market.
But it would be so nice to know what are the hottest job offers in the market and who are other companies looking for.
This is why we built the MeetFrank Activity Feed – to give employers around the globe a birdseye view of the job market.
The MeetFrank Activity Feed will show you the latest updates in the MeetFrank job market: added job offers, applications, and much more. You can even zoom in and take a look at the job offers.
We are looking to add new information to the Activity Feed in the upcoming month. Right now, you can see the latest global job market updates in chronological order.
How to access the MeetFrank Activity Feed?
The Activity Feed will include all the job offers published on the MeetFrank platform.
To see the latest job market news:
Log in to your MeetFrank Employer account
Find the Insights tab in the left-hand menu
Browse the Activity Feed to get the latest updates
Easy a that!
Looking for TOP talent to your team?
It’s about time to get on board with the companies hiring through MeetFrank. There are now more than 300,000 job-seekers on the platform, waiting for a career change.
Find out more and sign up for a Company account here.
MeetFrank is a hiring platform that makes the recruitment process easier, faster and more fun. More than 5,000 companies across Europe are using MeetFrank to find top talent. There are more than 300,000 active job-seekers using the MeetFrank app.
Woohoo, we’ve got some wonderful news! Big thanks to everyone for the trust!
Our team has been working very hard for the past few months to do something out of the ordinary. We believe that aspiration comes before location. And we’ve made it our mission to show the best job offers that align with our users vision, globally. In today’s interconnected world, we see that location doesn’t matter as much.
Furthermore as there are some big companies today that are completely office-free, such as Automattic for example. We want to bring the world closer together and make sure everyone can discover their full potential, globally.
And here is our latest press release:
MeetFrank announced today its closure of a €1.5M funding round led by investors Karma.vc, Enern VC, Change Ventures, and Hummingbird. MeetFrank will use the capital to launch its new “relocation without location” feature that opens up international borders and helps global talent relocate for work.
The demand for talent is not being met on a global scale. According to research by HAYS, talent mismatches – the gap between skills employers are seeking and the skills available among job applicants – is increasing and could significantly thwart business growth.
MeetFrank’s secret career app, a machine learning and chatbot combo that anonymously matches companies with top talent based on data such as salary expectations, skill set and experience, is helping to solve the mismatch problem with its new “relocation without location” app feature. MeetFrank’s philosophy is that aspiration, not location, is essential for attracting the best talent. Applicants can now easily discover new opportunities abroad, and companies get talent that best aligns with their job requirements from outside of their local talent pool.
“Talent is willing to move for the right opportunity, but in most cases, the right opportunity never arises. Job opportunities outside your ecosystem are often inaccessible and global talent doesn’t know what their global options are. Additionally, great companies miss out on the best people because they don’t know how to reach them,” says MeetFrank CEO Kaarel Holm. “We want to match people to the companies that align with their views, values, and aspirations. Currently, the global talent pool is too biased towards location instead of attracting the best talent,” he continues.
Users are not required to provide their real name or any other identifying personal information in order to get matches with potential positions. The company aims to otherwise bring transparency to the job market with explicit salary offers and by helping passive job seekers assess their employment options without alerting their current bosses to their job search.
“MeetFrank has built an amazing platform that we believe will fundamentally change the way talent relocates and acquires work around the world. Employers will be able to find candidates across functions and geographies on a single platform that will become mission-critical in attracting talent,” says Filip Popovic, Principal at Enern VC. “We chose to invest in MeetFrank because they have a great team, the capability to build further traction, and they are on the cutting edge of technology to disrupt the recruitment process globally,” Filip Popovic continues.
To date, MeetFrank has raised €2.45M in total funding and currently has over 265,000 users, with its largest markets being Finland, Estonia, Latvia, Lithuania, and Germany. Founded in 2017, MeetFrank has achieved hockey stick growth in local job markets and now aims to become the go-to talent-focused global job marketplace.
MeetFrank aims to democratise the job market. Our secret career app tells you who wants to hire you and how much they are willing to pay. For jobseekers, the service is completely anonymous – the employer does not receive the applicant’s personal information unless they declare interest in the job. The app also shows the average salary of jobs that directly match the jobseekers profile.
MeetFrank was founded in 2017 and is headquartered in Tallinn, Estonia, with an office in Helsinki. The app has over 265,000 users worldwide. The service was launched as the official recruitment platform for Slush 2017. Companies who have used the recruitment service include Futurice, Wolt, Accenture, Smartly and Bolt.
We’ve been cooking up something for the past few months and we’ve now launched our new app!
So, let’s dig right in: What is a global job marketplace? Why do you need it? How does it work?
You can find companies that interest you based on your aspirations rather than location. Happy with your location? We’ve got that too!
Before we get into the details, let me show you! Check out these videos on how it actually works.
You can choose offers from your local job market or go global. Go big or go home, right?
Set up your profile: skills, experience and industry and we will start matching you with the right companies.
Once matched you can see offers, potential salary and can decide whether you want to chat to the company further.
Don’t tie yourself down to a location just because you may think jobs elsewhere are hard to find. Now they’re right here with you in your pocket.
Like your post code? No problem, still get the best companies pitching to get you on their team locally.
Discover the coolest companies out there
Browse global companies by what interest you. There’s some many cool companies doing great stuff out there that you may not have heard of yet.
That brings us to another issue. Let’s say you want to work for a scale-up or a unicorn even – who doesn’t want to build unicorns, right?
Where do you find them? In MeetFrank app you can request to work for multiple unicorns in just one click!
Why we love this?
Anyone who has ever applied for multiple different companies and jobs, modified tens or hundreds of CV’s and cover letters knows that in the end it comes down to the skill set, experience and most importantly – personality. You personality will not show on a CV, hence we’ve culled it!
And on the receiving end – when looking for your next dream team, is the CV important or is it the skills, experience and most importantly – personality? You get our drift…
Check out company profiles and send a direct request
Interested in something specific? Track them down on MeetFrank – we’ll connect you to them directly!
One click, no hassle needed.
We believe that talent is borderless. In today’s age it doesn’t always matter where you are based. You are free to choose your best career path based on aspirations, not location. And even better, in many cases jobs can be completely remote.
Don’t get stuck on the borders of a country. Believe me, opportunities are everywhere, now you know where to look.
Let us know your thoughts on our new app, we’re dying to know.